- State five features of land as a factor of production. (5mks)
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- State five types of business activities (5mks)
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- State five characteristics of subsistence/direct production in Kenya. (5mks)
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- State the types of business environment described in each of the following. (5mks)
- Formal arrangement of functions and relationship of people in business
……. ……..
- Members expectations, believes and values within the organizations
- Changes in the population
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- Levels of knowledge and efficiency in use of tools and equipment.
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- He/She provides finances and makes decisions concerning operations of the business.
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- Highlight five advantages of division of labour to an organisation. (5mks)
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- Outline five ways in which political stability in a county is of benefit to businesses. (5mks)
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- Highlight five reasons why consumers have to make choice between competing needs. (5mks)
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- Outline five disadvantages of mining as an economic resource (5mks)
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- Give five characteristics of human wants. (5mks)
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- State five features of labour as a factor of production (5mks)
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- Distinguish between goods and services. (10mks)
| Goods | Services | |
| a | ||
| b | ||
| c | ||
| d | ||
| e |
- Define the following terms as used in business studies (10mks)
- Business ……
- Business studies ………..
………
- Goods ………
- Production …… ………
- Consumption ………
- Explain five importance of business studies in the society (10mks)
- Explain five types of business activities (10mks)
Explain five internal factors that may negatively affects the operation of a business
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